Tell me how much credit score needed for credit card?
The credit card issuer will look for a good credit score before issuing a credit card. I am here to guide you with the credit score and how you can improve your credit score if you have a low credit score.
The majority of the banks consider 750 as the ideal credit or CIBIL score to issue a credit card. If you have a low credit score, let me tell you the ways to increase it.
- Ensure you repay your credit card bills and loans within the stipulated due date.
- You need to monitor your CIBIL score at regular intervals for discrepancies. In case there are discrepancies, immediately connect with your bank.
- Ensure you avoid multiple applications, as it might lower your credit score.
- One of the best ways to regulate your credit score is to use 30% of your credit limit.
- Consider applying for both secured and unsecured loans to indicate your ability to manage both.